(Finance) – The recovery of European air traffic will go well beyond expectations and forecasts.
To confirm the positive signs not only the critical issues related to the shortage of personnel, but in particular the analysis ofS&P Global rating agencywhich shows that demand in the third quarter of 2022 is very close to pre-Covid levels.
Based on the current trend, in 2022, passenger traffic operated by European airlines will reach 60% -70% of 2019 levels, instead of the 50% -65% that was expected in February. In 2023 it will be between 70% -85%, only to approach the values of 2019 only in 2024.
Similarly, IATA Director-General Willie Walsh said the lifting of border restrictions is generating increased bookings and a return to pre-Covid levels, noting however that the restart of the sector has been hampered by sudden changes in restrictive measures. and hoping that China will move forward towards normalcy.
(Photo: Jon Flobrant on Unsplash)